Om Power Transmission Secures ₹24.03 Crore Contract from Gujarat Energy Transmission
Om Power Transmission Limited received a Letter of Intent from Gujarat Energy Transmission Corporation Limited for supplying, laying, and commissioning 5.17 KM of 66 kV underground cable. The contract value is ₹24.03 Crores, including GST, and is to be executed within 12 months.
The contract value of ₹24.03 Crores is significant for the company and is expected to positively impact its revenue and operations.
The company has received a new order, which is a positive development and indicates business growth.
Om Power Transmission Limited has announced the receipt of a Letter of Intent (LOI) from Gujarat Energy Transmission Corporation Limited. The contract is for the supply, laying, erection, testing, and commissioning of a 66 kV underground cable, spanning approximately 5.17 KM. The total contract price, including GST, amounts to ₹24.03 Crores.
The execution of this order is expected to be completed within 12 months from the date of commencement.
This order has been awarded by a domestic entity, and Om Power Transmission Limited has confirmed that neither its promoters nor group companies have any interest in Gujarat Energy Transmission Corporation Limited, nor does the contract fall under related party transactions.
What to do with a filing like this
Om Power Transmission Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Om Power Transmission Limited. Read the original for the full detail.